Revenues would go back into

NVD fund

Dear Editor:

In recent letters to several North Shore publications, Coun. Janice Harris has accused me of wanting to build a public golf course in Northlands and ‘‘hijack’”? the District Heritage Fund to finance its construction.

She also accused me of being a tool of North Vancouver’s ‘‘golf elite,"’ jeopardizing $48 million of potential income from land sales by not building housing. on the 140-acres-plus taken up by the golf course. .

The Heritage Fund is money the district receives from its land lease income and has been in existence roughly five years. It stands pres- ently at about $10 million .

The fund will continue to grow more rapidly in the future as a result of 4 motion of mine which stipulates that, commenciag in 1994, an additional 10% of all land sale monies will be added each and every year on a cumulative basis so that by the year 2004 not only all income from the lease of land but also all income from the sale of district land will gc into this fund.

From then on, all capital pro- fects such as fire, crime, recre- ation and cultural facilities, it is hoped, can be financed from the interest generated by this Heritage Fund, as opposed to paying for them by seiting land, as is the case now.

Because the golf course is a revenue-producing facility, my proposal is to finance its construc- tion, not by paying from the pro- ceeds of land sales, badly needed for other capital projects, but by borrowing from our existing Heritage Fund.

As soon as the golf course is constructed, revenue from it wiii flaw back into the Heritage Fund unti! the loan along with interests is paid back in full.

With a $5 million _ projected revenue for the first five years and considerably more later on, the Heritage Fund should be replenished within. a°~ relatively short period... Oo Coun. Ernie Crist -

North Vancouver District

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Wednesday, Nov. 25, 1992 - North Shore News - 7

~ Clay and Textiles for Christmas

The Christmas Sale of Clay and Textile Arts features uniquely crafted items, ranging from pottery and wallhangings co wearable art such as jewellery, silk scarves and clothing. The - sale takes place in the “A” Building, room 117, Thursday, Nov. 26, 4-7 p.m., and Friday, Nov. 27, 9a.m.9 p.m.

=e Powerful Drama

Capilano College Theatre Company presents two one- character plays, Jewel and Judgement. Jewe! examines a woman's mental ordeal after her hustand has died in the sinking of the oil drilling rig Ocean Ranger. Judgement is the story of seven soldiers imprisoned during World War H who can only

~ survive throngh cannibalism.

Performances are being held in the “R" Building through Nov. 28, with a matinee on Friday. Tickets are $5 each or $7.50 for both plays. For reservations call 984-1720.

Successtul Graduates

on TV Warch Shaw Cable for Capilano’ College Yearbook, produced by the Capilano Coilege Television Lab. Featured are Theresa Newlove. Natural Sciences grad, and John Ritchie, a graduate of the Media Resources Program. Theresa is on her way toward a career in clinical psychology. John is making his way as a specialist in media production. 4:30 p.m., Monday. Nov. 30.

Byso- Prints for Christmas |

Visit the Capilano College “I” Building on Tuesday, Dec. | for the Stadio Art Department's annual sale of students’ prints. 10 a.m.-5 p.m.

Be ASEAN Week

On Tuesday, Dec. 1, ASEAN Week presents talks on ‘Festivals and Social Values in the Philippines,” “Mystical Tibet," “Constitutional Monarchy in Malaysia,” and “The Role of the

. Monks, Monarchy and the

Military in Modern Day Thailand.” On Wednesday,

Dec. 2 talks include “Life and Times in Modern Thailand,” “Cultural Heritage of Sichuan, China,” “A Primitive Side of Indonesia,” and ‘A Modern Side of Indonesia." The event is held 8:30 - 11:30 each morning in the Sportsplex. Tickets are $10 at the door.

CAPILANO COLLEGE

2055 Purcell Way

North Vancouver

British Columbia 986-1911

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